AMERISAFE, Inc. (AMSF) Holdings Raised by American Century Companies Inc.
American Century Companies Inc. raised its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 68.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,860 shares of the insurance provider’s stock after acquiring an additional 150,876 shares during the period. American Century Companies Inc. owned approximately 1.93% of AMERISAFE worth $21,526,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Flinton Capital Management LLC raised its position in shares of AMERISAFE by 53.7% during the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock valued at $122,000 after buying an additional 748 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of AMERISAFE by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after buying an additional 26 shares during the last quarter. US Bancorp DE raised its position in shares of AMERISAFE by 1.2% during the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock valued at $145,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of AMERISAFE by 79.2% during the second quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock valued at $216,000 after buying an additional 1,679 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of AMERISAFE during the third quarter valued at about $227,000. Institutional investors own 99.53% of the company’s stock.
A number of research analysts have recently commented on AMSF shares. Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, September 18th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $69.00 price objective on shares of AMERISAFE in a research report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Finally, B. Riley reissued a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.00.
In other news, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the completion of the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the sale, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at approximately $3,625,450.28. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
AMERISAFE, Inc. (NASDAQ AMSF) opened at $63.62 on Thursday. AMERISAFE, Inc. has a 52-week low of $51.20 and a 52-week high of $69.40. The stock has a market cap of $1,220.07, a PE ratio of 18.43 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. equities research analysts anticipate that AMERISAFE, Inc. will post 3.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s payout ratio is 23.81%.
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Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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